Filing Flows

Filing Flows › Companies › Z Squared › Cash flow

Z Squared cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow$1.6M in Q2 2026 · −$8.8M over twelve months

Operating cash flow$1.6M
Free cash flow+$1.6M

Analysis

In Q2 2026, Z Squared generated $1.6M of operating cash flow. That is $810K less than in Q2 2025 ($2.4M).

Over the twelve months to Jun 30, 2026, operating cash flow was −$8.8M; the largest uses were operating cash flow ($8.8M); besides operations, cash came from other financing ($28.2M), net borrowing (+) / repaid (−) ($1.3M); the cash balance rose by $20.6M.

Operating cash flow was $1.6M against net income of −$9.8M. The largest differences: stock-based pay +$6.0M, depreciation & amortization +$862K, accrued liabilities +$505K.

Free cash flow

Z Squared: free cash flow by quarterZ Squared: free cash flow by quarter−$1.9MQ3 2024−$1.4MQ4 2024−$2.4MQ1 2025$2.4MQ2 2025−$6.9MQ3 2025−$1.7MQ4 2025−$1.8MQ1 2026$1.6MQ2 2026
Operating cash flow less capital spending.
Z Squared: operating cash flow against capital spendingZ Squared: operating cash flow against capital spendingOperating cash flowCapital spending−$1.9M$0Q3 2024−$1.4M$0Q4 2024−$2.4M$0Q1 2025$2.4M$0Q2 2025−$6.9M$0Q3 2025−$1.7M$0Q4 2025−$1.8M$0Q1 2026$1.6M$0Q2 2026
Latest (Q2 2026): Operating cash flow $1.6M, Capital spending $0.

Capital allocation, year by year

Z Squared: where the cash came from (up) and went (down), by fiscal yearZ Squared: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedBuybacksFY2021: Operating cash flow −$4.5MFY2021: Net borrowing −$1.6MFY2021: Shares issued $10.1MFY2021: Buybacks −$247K$10.1MFY2021FY2022: Operating cash flow −$3.9MFY2022: Net borrowing −$2.4MFY2022: Shares issued $3.3M$3.3MFY2022FY2023: Operating cash flow −$7.2MFY2023: Net borrowing −$575KFY2023: Shares issued $500K$500KFY2023FY2024: Operating cash flow −$6.6MFY2024: Net borrowing $1.2MFY2024: Shares issued $4.0M$5.2MFY2024FY2025: Operating cash flow −$8.6MFY2025: Net borrowing $990KFY2025: Shares issued $10.0M$11.0MFY2025
Over these 5 years operating cash flow totalled −$30.9M; the largest uses were operating cash flow ($30.9M) and net borrowing ($4.6M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$15.5M
Debt$150K
Net cash$15.4M
Cash runway21 months

Z Squared is burning cash: its operations consume cash, a free cash flow of −$8.8M a year at the current rate against $15.5M of cash and investments: a runway of about 21 months before any new financing.

Where the cash came from and went

Z Squared: sources (+) and uses (−) of cash, Q2 2026Z Squared: sources (+) and uses (−) of cash, Q2 2026Cash drawn (+) / kept (−)−$16.0MOther financing$14.7MOperating cash flow$1.6MOther investing−$592KNet borrowing (+) / repaid (−)$275K
Z Squared: sources (+) and uses (−) of cash, TTM to Q2 2026Z Squared: sources (+) and uses (−) of cash, TTM to Q2 2026Other financing$28.2MCash drawn (+) / kept (−)−$20.6MOperating cash flow−$8.8MNet borrowing (+) / repaid (−)$1.3M

From profit to cash

Z Squared: net income to operating cash flow, Q2 2026Z Squared: net income to operating cash flow, Q2 2026Net income−$9.8MDepreciation & amortization$862KStock-based pay$6.0MImpairments$306KAccrued liabilities$505KPrepaid and other assets−$394KOperating cash flow$1.6M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q2 2026$1.6M$275K—−$16.0M$1.6M
Q1 2026−$1.8M—$200K$463K−$1.8M
Q4 2025−$1.7M—$1.5M−$766K−$1.7M
Q3 2025−$6.9M$990K—−$4.4M−$6.9M
Q2 2025$2.4M−$990K$125K$3.7M$2.4M
Q1 2025−$2.4M$771K$5.3M−$3.7M−$2.4M
Q4 2024−$1.4M—$795K$605K−$1.4M
Q3 2024−$1.9M—$1.5M$418K−$1.9M

Z Squared: income statement and cash flow

Z Squared, Q2 2026: revenue $1.5M, operating margin -672.2%. The chart follows the revenue to costs, profit and cash.

Z Squared: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.